Ep 108: Mailbag – 20% Down Payments, Selling Privately, and More

We are answering some of your questions on today’s show about buying and selling your home. In this market is a 20% down payment enough? Definitely! While it may be harder to win certain bids 20% is usually more than enough.

Mary wrote in that her loan approval was for $700,000 and with all the houses selling above asking value she is wondering if she should look at houses more in the $600,000 range to leave some wiggle room? It might be smart to look a little below your maximum budget, but it’s going to depend on your lender and a few other factors. Join us today as we explore these questions and more on rent-back situations and selling privately.  

Key Points:  

0:30 – Should we be leaving wiggle room on the houses we are looking at?

2:46 – Is a 20% down payment enough in this market?

4:03 – Can I rent back my home to a buyer and when do I negotiate this?

7:28 – Would we miss out on selling privately?

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